Dec, 31, 2023 — RIVER TOWN FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $19.05 million in total assets. Opened 66 years ago in 1958, RIVER TOWN FEDERAL CREDIT UNION has about 2,652 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVER TOWN FEDERAL CREDIT UNION |
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Address: (Main Office) | 1001 S 21st St FORT SMITH, AR 72901-4007 |
Phone: | (479) 784-5600 |
Fax: | (479) 784-5606 |
Website: | https://www.rivertownfcu.org |
Branches: | 1 branch locations |
Members: | 2,652 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24257 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,050,506 |
CEO/Manager: | Dianna Sharum |
Chairperson: | William Loyd |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,215,280 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 187,034 |
Unsecured Loans | 802,033 |
Other Loans | 11,105,996 |
TOTAL LOANS | 12,095,065 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,519 |
Land And Building | 750,295 |
Other Fixed Assets | 33,362 |
NCUSIF Deposit | 156,494 |
All Other Assets | 0 |
TOTAL ASSETS | 19,050,506 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 144,693 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,075,310 |
Regular shares | 6,997,505 |
All Other Shares & Deposits | 6,322,809 |
TOTAL SHARES & DEPOSITS | 15,395,625 |
TOTAL LIABILITIES | 15,540,323 |
Regular Reserve | 0 |
Other Reserves | 1,678,598 |
Undivided Earnings | 1,831,585 |
TOTAL EQUITY | 3,510,183 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,050,506 |
INCOME & EXPENSE | |
Loan Income | 657,845 |
Investment Income | 159,313 |
Other Income | 134,654 |
Total Employee Compensation & Benefits | 361,446 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 442,057 |
Non-operating Income & (Expense) | -989 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,371 |
Cost of Funds | 182,403 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 91,593 |
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